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EXCLUSIVITY TERMINATION AGREEMENT

Exclusivity No Shop Agreement

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This Exclusivity No Shop Agreement involves

HOMESTORE INC

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Title: EXCLUSIVITY TERMINATION AGREEMENT
Date: 4/21/2005
Industry: REOPER     Sector: SERVIC

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exv10w1
 

Exhibit 10.1

Exclusivity Termination Agreement

     This Termination Agreement (this “Agreement”) is entered into effective as of April 6, 2005, by and between RealSelect, Inc. (“RealSelect”) and its parent Homestore, Inc. (together referred to as “Homestore”), and REALTORSÒ Information Network, Inc. (“RIN”) and its parent the National Association of REALTORSÒ (together referred to as “NAR”). Capitalized terms used but not defined in this Agreement shall have the meanings as set forth in the November 26, 1996 Operating Agreement between RIN and RealSelect, which has been amended from time to time (as amended, the “Operating Agreement”).

     WHEREAS, pursuant to Sections 3.2 of the Operating Agreement and Article IV of the November 26, 1996 Joint Ownership Agreement between NAR and Homestore, Homestore and NAR are bound to certain exclusivity obligations with respect to the Electronic Display of Real Property Ads and the RPA Business;

     WHEREAS, the parties desire to terminate such exclusivity obligations with the respect to Foreign Property Listings and Commercial Property Listings (as defined below) upon the terms and conditions set forth herein;

     WHEREAS, the parties entered into that certain Amended and Restated Agreement Regarding International Activities dated October 31, 2001 (the “International Agreement”);

     WHEREAS, the parties desire to terminate the International Agreement upon the terms and conditions set forth herein;

     WHEREAS, NAR and the International Consortium of Real Estate Associations (the “Consortium”) desire to participate together in the aggregation and display of Foreign Property Listings, which may also include Commercial Listings; and

     WHEREAS, Homestore has requested and NAR has agreed to provide reasonable marketing support to assist Homestore in the promotion of a new alternative way for REALTORS® to pay for advertising on REALTOR.com known as pay-for-performance.

     NOW, THEREFORE, for valuable consideration, the receipt of which is hereby acknowledged, the parties hereby agree as follows:

1.   Release of Exclusivity Obligations. Subject to Section 2 below, Homestore and NAR hereby release each other from a

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